Information and Organization: A New Perspective on the Theory of the Firm

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Clarendon Press, 1997 - Business & Economics - 314 pages
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Information and Organization offers a vision of the economy as a system of structured information flow, counterbalancing the more conventional view of a simple flow of material goods. The structuring is effected by institutions and, in particular, by firms, which specialize in processing the information needed to allocate resources. In place of the orthodox emphasis on the adversarial use of asymmetric information, the book stresses the use of information for creative purposes--for decision-taking and co-ordinating the use of resources. Mark Casson's `new perspective' has grown out of fifteen years of having to modify the conventional theory to make it work properly. The discussion is rigorous, confronting rather than evading issues; and it develops a new diagrammatic technique to chart information flow. For all this, the book is written in accessible language and will be a solid foundation for future research efforts by scholars and graduate students in management studies, business and economic history, and instutional economics.

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Information Cost and Economic Organization
The Process of Coordination
The Nature of the Firm

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About the author (1997)

Mark Casson, Professor of Economics, University of Reading.

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